May 22, 2019
Investor PresentationQ4-2018-19
2
Q4
–F
Y1
9 P
erf
orm
an
ce H
igh
lig
hts
GNPA stands at 2.10% (previous quarter 1.13%); excluding one large NPA, this works out to 1.03%
Credit Cost for Q4 at 108 bps; excluding one large NPA impact, credit cost stands at 19 bps
Client base touches 15 million; on boarded 1 million during the quarter
Core fee up by 27% YoY; 12% QoQ
Efficiency ratio at 45.46%; excluding one large NPA impact , this stands at 43.70%
Credit growth (29%) and Deposit growth (29%) well above industry growth
Q4 PAT stands at Rs. 360 crores; Excluding one off impact referred above, Q4 PAT is up 25% Y-o-Y at Rs. 1,189 crs
Underlying growth drivers remained intact during the quarter BUT….
Q4 results impacted adversely due to one-off accelerated de-recognition of interest and provisioning of Rs. 1,273 crs in respect of exposure to Group in the infrastructure sector
Planning Cycle 4 (2017-2020) - Plan vs Outcome
3
CASA Ratio
Revenue Growth
RoRWA
Branch Network
Loan Growth
40%
Exceed Balance Sheet Growth
> 2.4%
2,000
25% - 30%
Re
sult
ing
in
Customer Base Double to >20mn
FY19Outcome
43%
18%/20%*
0.69%/2.28%*
1,665**
29%
On track
** includes 65 banking outlets
*Excluding derecognition of interest/Provision for a group in infrastructure sector
4
Domestic Rating:
CRISIL AA + for Infra Bonds program
CRISIL AA for Additional Tier I Bonds program
CRISIL A1+ for certificate of deposit program
IND AA+ for Senior bonds program by India Ratings and Research
IND AA for Additional Tier I Bonds program by India Ratings and Research
IND A1+ for Short Term Debt Instruments by India Ratings and Research
International Rating:
Baa3 for Issuer, Bank Deposits and Senior Unsecured MTN ratings by Moody’s Investors Service
P3 as Short Term Issuer Rating by Moody’s Investors Service
Ratings
5
Financial Performance
Q-o-Q GrowthY-o-Y Growth
6
Net Interest Income
11%
* 19%
Total Fee IncomeRs. 1,559 crs
* Rs. 1,559 crs
29%
* 29%
RevenueRs. 3,791 crs
* Rs 3,944 crs
18%
* 23%
Operating ProfitRs. 2,068 crs
* Rs 2,221 crs
17%
* 26%
Net ProfitRs. 360 crs
* Rs 1,189 crs
(62%)
* 25%
(2%)
* 4%
6%
* 6%
1%
* 5%
(2%)
* 5%
(63%)
* 3%
Steady Headline Numbers for Q4-FY19
Rs. 2,232 crs
* Rs. 2,385 crs
* excludes impact of a large group NPA in infra sector
Y-o-Y Growth
7
Net Interest Income
18%
* 20%
Total Fee IncomeRs. 5,647 crs
* Rs. 5,647 crs
19%
* 19%
RevenueRs. 14,493 crs
* Rs. 14,646 crs
18%
* 20%
Operating ProfitRs. 8,088 crs
* Rs 8,241 crs
22%
* 24%
Net ProfitRs. 3,301 crs
* Rs. 4,475 crs
(8%)
* 24%
Steady Headline Numbers for FY 2018-19
Rs. 8,846 crs
* Rs. 8,999 crs
* excludes impact of a large group NPA in infra sector
Y-o-Y Growth Q-o-Q Growth
8
Top line momentum
Rs. 1,86,394 crs 29%
Corporate Advances excl MFI
Rs. 1,00,162 crs 20%
Consumer Finance Advances
Rs. 72,684 crs 27%
CASA Rs. 84,070 crs 26%
8%
3%
7%
10%
Deposits Rs. 1,94,868 crs 29% 11%
Advances
SA Rs. 54,486 crs 19% 9%
Borrowings Rs. 47,321 crs 24% 6%
MicrofinanceAdvances
Rs. 13,548 crs 227% 80%
9
(Rs Crs)
* Q4FY19 Q4FY18 Y-o-Y (%) Q3FY19 Q-o-Q (%)
Capital & Liabilities
Capital 603 600 0% 602 0%
Reserves and Surplus 26,083 23,242 12% 25,798 1%
Deposits 1,94,868 1,51,639 29% 1,75,701 11%
Borrowings 47,321 38,289 24% 44,536 6%
Other Liabilities and Provisions 8,944 7,856 14% 9,562 (6%)
Total 2,77,819 2,21,626 25% 2,56,199 8%
Assets
Cash and Balances with RBI 9,961 10,962 (9%) 9,580 4%
Balances with Banks 4,822 2,253 114% 3,170 52%
Investments 59,266 50,077 18% 53,681 10%
Advances 1,86,394 1,44,954 29% 1,73,169 8%
Fixed Assets 1,710 1,339 28% 1,699 1%
Other Assets 15,666 12,041 30% 14,900 5%
Total 2,77,819 2,21,626 25% 2,56,199 8%
Business (Advances + Deposit) 3,81,261 2,96,593 29% 3,48,870 9%
Balance Sheet
10
Q4FY19 Q4FY18 Y-o-Y (%) Q3FY19 Q-o-Q (%)
Net Interest Income 2,232 2,008 11% 2,288 (2%)
Other Income 1,559 1,208 29% 1,469 6%
Total Income 3,791 3,216 18% 3,757 1%
Operating Expenses 1,724 1,447 19% 1,640 5%
Operating Profit 2,068 1,769 17% 2,117 (2%)
Provisions & Contingencies 1561 335 366% 607 157%
Profit before Tax 507 1,434 (65%) 1,510 (66%)
Provision for Tax 147 481 (69%) 525 (72%)
Profit after Tax 360 953 (62%) 985 (63%)
Net Profit (excl impact of a group in infra sector)
1,189 953 25% 1,151 3%
Profit and Loss Account – Q4FY19(Rs Crs)
11
Q4FY19 Q4FY18 Y-o-Y (%) Q3FY19 Q-o-Q (%)
Net Interest Income (Rs Crs) 2,385 2,008 19% 2,288 4%
Total Income(Rs Crs) 3,944 3,216 23% 3,757 5%
Operating Profit(Rs Crs) 2,221 1,769 26% 2,117 5%
Profit after Tax((Rs Crs) 1,189 953 25% 1,151 3%
Net Interest Margin(%) 3.84% 3.83%
Return on Assets(%) 1.84% 1.90%
Return on Equity(%) 17.75% 18.04%
Cost to Income Ratio(%) 43.70% 43.65%
GNPA(%) 1.03% 1.13%
NNPA(%) 0.48% 0.59%
PCR(%) 54.0% 47.7%
Credit Cost (bps) 0.19% 0.18%
Profit and Loss Account – Q4FY19 – Excluding Impact of a Group in Infrastructure Sector
12
FY 19
FY 19 (Excl impact of a group in infra sector)
FY18 Y-o-Y (%)
Y-o-Y (%)(Excl impact of
a group in infra sector)
Net Interest Income 8,846 8,999 7,498 18% 20%
Other Income 5,647 5,647 4,750 19% 19%
Total Income 14,493 14,646 12,248 18% 20%
Operating Expenses 6,405 6,405 5,592 15% 15%
Operating Profit 8,088 8,241 6,656 22% 24%
Provisions & Contingencies 3,108 1,457 1,175 164% 24%
Profit before Tax 4,981 6,785 5,481 (9%) 24%
Provision for Tax 1,679 2,309 1,875 (10%) 23%
Profit after Tax 3,301 4,475 3,606 (8%) 24%
Profit and Loss Account – FY 19
(Rs Crs)
13
Key Financial Indicators
FY18 Q4FY18 Q3FY19
Q3FY19(Excl impact of a group in infra sector)
Q4FY19
Q4FY19(Excl impact of a group in infra sector)
FY19
FY19(Excl impact of a
group in infra sector)
Return on Assets 1.90% 1.86% 1.62% 1.90% 0.56% 1.84% 1.39% 1.89%
ROE (On average equity) 16.48% 16.56% 15.44% 18.04% 5.46% 17.75% 13.25% 17.54%
Cost / Income Ratio 45.65% 44.98% 43.65% 43.65% 45.46% 43.70% 44.19% 43.73%
Net Interest Margin 3.99% 3.97% 3.83% 3.83% 3.59% 3.84% 3.80% 3.86%
Net NPA 0.51% 0.51% 0.59% 0.59% 1.21% 0.48% 1.21% 0.48%
EPS (annualized, Rs. per share)
60.19 63.54 65.48 76.51 24.37 78.93 54.90 74.42
Capital + Reserves (Excl. Revaluation Reserve) (Rs. in crs)
23,479 23,479 26,042 26,387 26,367 27,534 26,360 27,534
Well Diversified Loan Book
Consumer Finance Mar-19
Comm. Vehicle Loans 24.444 13%
Utility Vehicle Loans 3,597 2%
Small CV 3,135 2%
Two Wheeler Loans 4,482 2%
Car Loans 6,537 4%
Tractor 3,520 2%
Equipment Financing 7,569 4%
Credit Card 4,382 2%
Loan Against Property 8,925 5%
BL, PL, GL, Others 6,095 3%
Total Advances 72,684 39%
Loan Book (Rs crs)
(Rs crs)(Rs crs)
*Includes Business Banking Rs. 11,289 crs managed by Consumer Banking
41% 41% 40% 40% 39% 39% 45%59%59%
60%
60%
61%61% 55%
68,788
88,419
1,13,081
1,44,954
1,73,1691,86,394 1,86,394
FY15 FY16 FY17 FY18 Dec-18 Mar-19 Mar-19(BBG forming part
of Consumer)Consumer Finance Division Corporate & Commercial Banking
Corporate Banking
Mar-19
Large Corporates
52,166 28%
Mid size Corporates
33,369 18%
Small Corporates*
28,175 15%
Total Advances
1,13,710 61%
BBG6%
Comm. Vehicle Loans 13%
Utility Vehicle Loans
2%Small CV2%
Two Wheeler
Loans2%
Car Loans4%
Tractor2%
Equipment Financing
4%
Credit Card2%
Loan Against
Property5%
BL,PL,GL3%
Large Corporates
28%
Mid Size Corporates
18%
Small Corporates
9%
15
Market rumours / comments on Exposure to Potentially Stressed Groups
Three groups, one each in Media / Diversified / Housing Finance sectors speculated as being stressed
Bank’s funded and non-funded exposure to these groups is 1.9% of the loan book
Consolidated security cover of 140% for the exposures held by us, of which marketable security in the form
of listed shares covers 58% of the total exposure as on date
All above accounts are standard in the Bank’s books
RoC filing of charges for assessing banking exposures is sometimes misinterpreted
16
Diversified Corporate Loan Book
Sector % SMA2 (Rs cr)
7.27% 0
3.94% 5
3.90% 0
3.39% 0
3.27% 0
2,68% 7
2.51% 0
2.48% 0
1.89% 0
1.82% 0
1.30% 9
1.17% 0
1.11% 0
24.27% 555
Corporate Banking 61% 576
Consumer Banking 39% 65
Total 100% 641
Microfinance
Gems and Jewellery
Real Estate
Power Generation
NBFCs (other than HFCs )
Services
Lease Rental
Steel
Roads/other infra projects
Constn related to infra.- EPC
Food Beverages and Food processing
Telecom- Cellular
Housing Finance Companies
Other Industry
SMA 1 Outstanding:0.32% of loans
SMA 2 Outstanding:0.34% of loans
Accounts in SMA1 & SMA2: 45
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
22%
24%
IB1(AAA)
IB2+(AA+)
IB2(AA)
IB2-(AA-)
IB3+(A+)
IB3(A)
IB3-(A-)
IB4+(BBB+)
IB4(BBB)
IB4-(BBB-)
IB5+(BB+)
IB5(BB)
IB5-(BB-)
IB6(B)
IB7(C )
IB8(C )
NPA(D)
Unsecured Non Fund Based %
Secured Non Fund Based %
Unsecured Fund Based %
Secured Fund Based %
PERCENT
OF
RATED
PORTFOLIO
17
Well Rated Corporate Portfolio
Investment Grade Sub Investment Grade
18
Behavioural Scoring affirms quality of Vehicle Financing Portfolio
18
Q-o-Q Movement in Weighted Average Risk Score (WARS):
Quarter Mar'17 Jun'17 Sep'17 Dec'17 Mar'18 Jun’18 Sep’18 Dec’18 Mar’19
WARS 1.82 1.89 1.89 1.84 1.73 1.77 1.80 1.82 1.75
• Behavioural Score (B-score)measures postdisbursement credit qualityusing long range historicaldata.
• B-score assesses everyborrower risk using Currentand Historical DPD, LTV,Geography, Loan tenor,Customer type, etc.
• B-score is used for credit /portfolio qualityassessment, improvingcollection efficiency, cross-sell and is a lead indicator ofcredit cost.
19
Improving CASA profile
CASA Uptick
Savings Account (SA)Current Account (CA)
Building CASA traction
Expanding branch network
Focus on target market segments
Government business
Capital market flows
Key Non Resident markets
Self employed and Emerging Corporate businesses
Transaction Banking and CMS Mandates
Differentiated service propositions
62,616 66,729 68,980 73,375 76,549
84,070
42.9% 44.0% 43.4% 43.6% 43.6% 43.1%
10%
16%
21%
27%
33%
38%
44%
50%
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19
CASA (Rs crs) % of Total Deposits
20,370 20,841 21,268 22,269 26,526
29,584
13.9% 13.7%13.4% 13.2%
15.1% 15.1%
5%
7%
9%
11%
13%
15%
17%
19%
0
3,000
6,000
9,000
12,000
15,000
18,000
21,000
24,000
27,000
30,000
33,000
Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19
CA (Rs crs) % of Total Deposits
42,246
45,888 47,711 51,106
50,023 54,486
28.9% 30.3% 30.0% 30.4% 28.5%28.0%
-0.5%
4.5%
9.5%
14.5%
19.5%
24.5%
29.5%
34.5%
1
10,001
20,001
30,001
40,001
50,001
60,001
Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19
SA (Rs crs) % of Total Deposits
20
Q4FY19 Q4FY18 Y-o-Y (%) Q3FY19 Q-o-Q (%)
Core Fee 1,419 1,113 27% 1,266 12%
Securities/MM/FX Trading/Others
140 95 48% 203 (31%)
Total 1,559 1,208 29% 1,469 6%
Other Income
(Rs Crs)
21
Growth momentum continues on regular fee flows
Q4FY19 Q4FY18 Y-o-Y(%) Q3FY19 Q-o-Q(%) FY19 FY18 Y-o-Y(%)
Trade and Remittances
189 153 23% 155 22% 636 540 18%
Foreign Exchange Income
289 197 47% 275 5% 1,015 779 30%
Distribution Fees (Insurance, MF, Cards)
302 273 11% 268 13% 1,128 976 16%
General Banking Fees 84 65 29% 91 (8%) 344 264 30%
Loan Fees 328 228 44% 276 19% 1,095 880 24%
Investment Banking 228 197 16% 201 13% 850 738 15%
Total Core Fee Income
1,419 1,113 27% 1,266 12% 5,068 4,177 21%
Diverse Revenues from Core Fee Income
(Rs Crs)
Trade and Remittances , 1%
Foreign Exchange, 8%
Distribution, 20%
General Banking, 6%
Loan Processing, 13%
Securities/MM/FX Trading/Others, 10%
Loan Processing - Large Corp, 2%
Loan Processing - Medium Corp, 3%
Loan Processing - Small Corp, 2%
Investment Banking -Structured Finance, 7%
Investment Banking - Loan Syndication, 8%
Investment Banking - Project Finance / Advisory, 1%
Foreign Exchange, 10%
Trade and Remittances , 10%
Diversified and Granular Fee Streams – FY19
Consumer Banking(48%)
Corporate Banking(42%)
Trading and Other Income(10%)
22
9.51% 9.64%
11.25% 11.52%
6.80% 6.74%5.92% 5.81%
Q4FY19 Q3FY19
Yield on Assets
Yield on Advances
Cost of Deposits
Cost of Funds
23
•Yield on Assets/Cost of funds are based on Total Assets/Liabilities
Segment-wise Yield
Q4FY19 Q3FY19
Outstanding
(Rs crs)
Yield
(%)
Outstanding
(Rs crs)
Yield
(%)
Corporate Bank 1,13,763 9.29%* 1,05,136 9.82%
Consumer Finance 72,684 14.05% 68,033 14.12%
Total 1,86,447 11.25%* 1,73,169 11.52%
Yield / Cost Movement
* Excl reversal of interest on an infra group company exposure Corporate Yield is 9.87% and Overall Yield is 11.60%
Corporate Yield 9.06%
(excl MFI, BBG and one
off)
24
FY15 FY16 FY17 FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19
Q4FY19(Excl Infra
Group provision)
FY19
FY19(Excl Infra
Group provision)
Corporate Bank 144 258 401 468 80 59 158 1,837 186 2,134 483
Consumer Finance 195 244 303 433 129 141 148 167 167 585 585
Gross Credit Costs 339 502 704 901 209 200 306 2,004 353 2,719 1,068
Gross Credit Costs (Basis Points on Advances)
49 57 62 62 14 12 18 108 19 146 57
Net Credit Cost 323 468 672 856 205 193 299 1,992 341 2,689 1,038
Net Credit Costs (Basis Points on Advances)
48 53 59 59 14 12 17 107 18 144 56
PCR 63% 59% 58% 56% 56% 56% 48% 43% 54% 43% 54%
42% 51% 57% 52%38% 30%
52% 53% 45%
58% 49% 43% 48%62% 70%
48% 47% 55%
FY15 FY16 FY17 FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 FY19Corporate Loan Book Consumer Finance Loan Book
Credit Cost
(Rs Crs)
25
Loan Portfolio - Movement in NPA and Restructured Advances
Q4FY19 Q3FY19
Corporate Consumer Total Corporate Consumer Total
Opening Balance 1,203 765 1,968 1,061 720 1,781
Additions 3,230 458 3,688 458 348 806
Deductions 1,345 364 1,709 316 303 619
Gross NPA3,088 859 3,947*
1,944**1,203 765 1,968*
Net NPA2,248896**
1,029
% of Gross NPA2.10%
1.03%**1.13%
% of Net NPA1.21%
0.48%**0.59%
Provision Coverage Ratio (PCR) 43%
54%**48%
Restructured Advances 0.09% 0.11%
Restructured + Gross NPA to Advances
1.13% 1.24%
(Rs Crs)
*After sale to ARC Rs. 185 crs (Rs. 134 crs)
** Excludes impact of a large group NPA in infra sector
Net Slippage (0.06%)
Excl impact of a group in infra sector
26
NPA Composition – Consumer Finance
Q3-FY19Com.
Vehicle Utility
Const.Equip.
Small CV TW Cars LAP/HL/P
LTractor Cards Total
Gross NPA 245 45 52 40 158 52 57 48 68 765
Gross NPA % 1.05% 1.32% 0.76% 1.32% 3.60% 0.82% 0.41% 1.46% 1.90% 1.12%
Q4-FY19Com.
Vehicle Utility
Const.Equip.
Small CV TW Cars LAP/HL/P
LTractor Cards Total
Gross NPA 285 47 54 44 171 52 62 62 82 859
Gross NPA % 1.16% 1.29% 0.71% 1.38% 3.75% 0.79% 0.42% 1.76% 1.87% 1.18%
(Rs Crs)
27
CRAR
31 Mar 19 31 Dec 18
Basel – III Basel – III
Credit Risk, CVA and UFCE 1,82,948 1,75,042
Market Risk 8,615 7,973
Operational Risk 22,986 18,840
Total Risk Weighted Assets 2,14,549 2,01,855
Core Equity Tier 1 Capital Funds 25,905 25,809
Additional Tier 1 Capital Funds 3,490 2,000
Tier 2 Capital Funds 975 831
Total Capital Funds 30,370 28,640
CRAR 14.16% 14.19%
CET1 12.07% 12.79%
Tier 1 13.70% 13.78%
Tier 2 0.45% 0.41%
(Rs Crs)
28
• Branch/Representative Office• Strategic Alliance
Note: Numbers given above are total branches in each state
Strengthening Distribution Infrastructure
Distribution Expansion to Drive Growth
ParticularsJune 30,
2018Sept. 30,
2018Dec. 31,
2018Mar. 31,
2019
Branches/Banking Outlets
1,410 1,466 1,558 1,665*
ATMs 2,285 2,372 2,453 2,545
*includes 208 specialized branches and 65 Banking outlets
29
March 31, 2019
*includes FPIs
Shareholding Pattern
Promoters14.99%
FIIs47.78%
GDR issue10.73%
NRIs/ Director/ Others2.96%
Private Corporates8.24%
Individuals6.59%
MFs / Banks/ Insurance Co
8.70%
30
Initiatives for FY20
BFIL Merger
Corporate Risk Management UnitProductivityDigital / Alternate Channels
Fee GrowthLiabilities Surge
• Merger consummation, subject to the NCLT approval
• Scaling up liabilities & RDSP (Kirana Stores) pilot
• Pioneer – Banking for well-off
• Retailisation via Household acquisition ramp-up
• Non-Resident Indians
• Match liabilities growth with asset growth
• Distribution fees for wealth products
• Ramp up retail Trade & FX fees
• Superior Client Experience
• Intensive collaboration with FinTech ecosystem
• Scale up digital sourcing of assets & liabilities
• Cost efficient branch expansion
• Robot based Process Automation
• Continued investments in Talentand Technology
• Business level Portfolio Monitoring Unit
• Diversification by ticket size, geographies, sectors, tenure
• Specialization in select domains
Para-banking
Retail Asset Growth
• Continued market share gains in vehicle finance
• LAP / BBG to accelerate
• Calibrated growth on unsecured
• Insurance (Life & General)
• Asset Management
• Retail Broking
• Regulatory clarity awaited
31
Digital Product and Channel Progress within Consumer Banking
Digital transaction volume up from 73% to 80% YoY
Digital constitutes
92% of total
transaction value
ATM, 11.8% Branch,
3.1%Cheque,
5.2%
Digital, 79.9%
Digital constitutes
80% of total
transaction volume
On average, > 50% of major Retail products are Digital
Deposit
30%
Personal
Loans
33%
Forex
20%
Credit
Cards
14%
Deposit
73%
Personal
Loans
47%
Forex
40%
Credit
Cards
22%
Q4’ FY 19Q4’ FY 18
32
Industry / Media Recognition / Awards
33
Industry / Media Recognition / Awards
IndusInd Bank is the ET Now‘Dream Employer of the Year’ atthe 8th Edition of the ET NowDream Companies of Work forAwards Organized by the WorldHRD Congress In Mumbai
34
Industry / Media Recognition / Awards
Mr Romesh Sobti, MD and CEOIndusInd Bank bestowed with the‘Banker of the Year’ Award at theFinancial Express India's BestBanks awards
35
Industry / Media Recognition / Awards
Mr Romesh Sobti, MD and CEOIndusInd Bank Honoured withthe ‘Banker of the Year’ Award atthe Business Standard AnnualAwards
36
Accolades
IndusInd Bank has been awarded with the Times Now India Digital Awards 2019 for
Innovative Money Transfer Product/Service
IndusInd Bank has been awarded with the Global Digital Marketing Award by World Digital Marketing Congress as
Best Digital Payment Facilitator
37
Accolades
IndusInd Bank has been awardedwith the IDC FIIA 2019 FinancialInsights Innovation Award as
Asia's Leading Partner Bank
38
Accolades
IndusInd Bank awarded with the Indy’sAward for
‘Empowerment of Women’ for the Legal LiteracyProgramme and the IndusInd Girl PowerProgramme
‘Support and Improvement of Education’ for theEnhanced Education Programme and the Mid-day Meals in the Municipal Schools ofBhubaneshwar Programme
‘Environment Excellence’ for the Restoration ofWater Bodies in Chennai and the WazirabadDrain in Gurugram, Solid Waste Management(Jagmagaata Uttarakhand) and the UrbanAfforestation Programme
Thank You
40
Disclaimer
This presentation has been prepared by IndusInd Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by the Bank. No information contained herein has been independently verified by anyone else. This presentation may not be copied, distributed, redistributed or disseminated, directly or indirectly, in any manner. This presentation does not constitute an offer or invitation, directly or indirectly, to purchase or subscribe for any securities of the Bank by any person in any jurisdiction, including India and the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. Any person placing reliance on the information contained in this presentation or any other communication by the Bank does so at his or her own risk and the Bank shall not be liable for any loss or damage caused pursuant to any act or omission based on or in reliance upon the information contained herein.No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Further, past performance is not necessarily indicative of future results. This presentation is not a complete description of the Bank. This presentation may contain statements that constitute forward-looking statements. All forward looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Important factors that could cause actual results to differ materially include, among others, future changes or developments in the Bank’s business, its competitive environment and political, economic, legal and social conditions. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Bank disclaims any obligation to update these forward-looking statements to reflect future events or developments.Except as otherwise noted, all of the information contained herein is indicative and is based on management information, current plans and estimates in the form as it has been disclosed in this presentation. Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The Bank may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. The accuracy of this presentation is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank.This presentation is not intended to be an offer document or a prospectus under the Companies Act, 2013 and Rules made thereafter , as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended or any other applicable law. Figures for the previous period / year have been regrouped wherever necessary to conform to the current period’s / year’s presentation. Total in some columns / rows may not agree due to rounding off.Note: All financial numbers in the presentation are from Audited Financials or Limited Reviewed financials or based on Management estimates.